I remembered quite a few months back when Google's shares went down to $520 and below, there was quite a lot of interest generated here on whether it is worth buying at such prices. With Google now at $353.79 per share, a far cry from the $520 then and definitely a shadow of itself at its year's peak of $747.24. Anyone here advocate buying in of Google's shares at such prices? And why?
Stocks are going crazy right now. Google won't drop anymore, as the stocks are recovering, but we don't know how fast it will take for Google to recover. The estimated decrease next year is a 3%, but google is not expected to contribute to the decline. Hopefully it will be worth buying Google.
i guess it is worth it based on the current world economic conditions....long term would be great though...still
i'm a technical trader and the 5 year chart looks horrible. could see some support at 340 but in a huge downturn like we're experiencing, i wouldn't bet on it holding very well. i would be comfortable buying around 290 though.
It is always a bit of a Gamble buying share, and one that relates to the unpredictable internet is even higher risk. Apparently they haven't been doing nearly as well on their 1.7 billion dollar project YouTube, and are having trouble monetizing it, so this could be one of the small factors involved. With the huge economic slowdown right now its hard to predict what'll happen, they may have a huge rebound and the share price might shoot up, or conversely they could do the opposite. I think long term however, Google would be a safe bet, they essentially own the internet, and its going to remain that way for at least a few years to come.
You might want to check out their stock prices long term chart here: http://finance.google.com/finance?client=ob&q=NASDAQ:GOOG
I wouldn't invest in Google. Lately they have repeatedly shown how sloppy they can be: -They released a web browser full of privacy flaws including the ability to see banking records through the browser history. -They nearly bankrupted a major airline by posting an old news story as new news. And now they are trying their luck in the cell phone industry, despite producing poor software filled with bugs. Just wait for the complains on this venture. They are opening the door wide for any competitors to improve their offerings and take a shot at Google's market share.
No one knows if this is a bottom or not. This could be a long drawn out recession or it could turn around tomorrow. If you are unsure, you should consult a financial person who you trust, not a bunch of webmasters. /*tom*/
IMHO you can just pick anyone in the street and ask this question, they will be as accurate as any financial consultant
Investing in Google's Stock? Hello.... I would hold off , as im sure it will keep going down. They have been doing everything they can to keep generating profits & not sustain loses but the fact is that the stock shouldnt have never gotten that high in the first place Imho, but im sure many wouldnt complain had they invested earlier With the stock market as bad as it is (closed at -508 today) nobody wants to invest on anything for fear that they will lose everything so the only natural course is that the stock will keep dropping till the economy gets better or they reach "actual" worth. Google have started cutting back ( Tempe AZ office, Denver CO office & Dallas TX office) or relocating people to other field offices as they are trying to tighten budgets and resources as the inevitable is bound to happen and i just dont see us getting out of this "recession" for at least another full year or possibly 2 years. thx malcolm
Looking at the fall, now it is $338.11, what is your projections of Google that makes you so confident? Care to sure your projections and reasons for recommending an investment at this time?
Buy tins of Beans and bury then down the back garden we are in for some severe economic times the likes of which have not being seen in living memory, you cant eat shares... If you want to buy an asset buy gold bullion or kruggerands and hide them under the bed.
Same feelings here. Just that it is at the trough of an economical cycle especially a severe recessions that there are panic selling on the stock market. Panic overtakes rational thinking and investors dump their shares and rush for the exit. This is a point to pick up blue chips on the cheap (of course make sure they are the ones who survive). My rationale in thinking about Google is that it has a huge pile of cash, in a situation like this, Cash is King and they can do a lot more than normal situation with it.
I love trading options. If I went long the call, March 2009 and G stock went back to just $430 I would more than double my money. So, $50k would be worth over $100k. But I remember the days of the internet bubble. Qualcom had been trading at $600 a share and ultimately wound up at $60 a share and sat there for a couple of years if remember correctly. It's just too risky right now. /*tom*/
Thats just some ass clown or "G" worshiper that came threw here and just posted to get his post count up. Agreed Gold has always been a good investment and is something that hardly ever moves down or loses much value but nobdy in there right mind would ever be investing in the market with as unstable as it is at this time. Hiding them under the bed might not be the best idea and would suggest a big dog with sharp teeth thx malcolm